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Economic Indicators

 

Consistent and sustainable macroeconomic policies pursued by the Georgian Government have produced positive results as evidenced by strong economic growth trends.

 

Key Macroeconomic Indicators of Georgia

 

 

Economic Activity
2000
2001
2002
2003
2004
2005
2006
2007
Nominal GDP (GEL mln)
6,043
6,674
7,456
8,564
9,824
11,621
13,784
16,924
Nominal GDP (US$ mln)
3,060
3,219
3,400
3,995
5,166
6,416
7,744
10,645
GPD per Capita (US$)
658
697
741
877
1,139
1,419
1,760
2297
GDP growth %
1,8
4,8
5,5
11,1
5,9
9,6
9,4
12.4
 
 
 
 
 
 
 
 
 
Inflation
 
 
 
 
 
 
 
 
CPI (year end %)
4,6
3,4
5,4
7
7,5
6,2
8,8
11
 
 
 
 
 
 
 
 
 
External Balances
 
 
 
 
 
 
 
 
Total Exports (FOB, US$ mln)
323
318
346
461
647
866
993
1,240
Total Imports (CIF, US$ mln)
709
753
796
1,141
1,848
2,491
3,678
5,217
Trade Balance (US$ mln)
-387
-436
-450
-680
-1,201
-1,625
-2,685
-3,977
FDI (US$ mln)
131
110
167
340
499
450
1,147
1,400
FDI as % of GDP
4,3
3,4
4,9
8,5
9,7
7
14,8
13.2
 
 
 
 
 
 
 
 
 
Exchange Rate
 
 
 
 
 
 
 
 
GEL/US (Average)
1,98
2,07
2,19
2,15
1,92
1,81
1,78
1.59

 

Source: Department for Statistics of the Ministry of Economic Development of Georgia

 

GDP Growth %

 

Source: Department for Statistics of the Ministry of Economic Development of Georgia

 

 

 

 

 Source: Department for Statistics of the Ministry of Economic Development of Georgia

 

Net FDI, 2003-2008F

 

Export structure by product, 2007           Import structure by product, 2007

President Saakashvili and his government have successfully created a very attractive environment for economic development as the basis for building a nation that provides its citizens with hope and opportunity

Steve C. Nicandros

Frontera Resources Houston, President and CEO